ELCO Mutual Guardian Eagle — 10-year fixed annuity at 5.00%
- Locks in 5.00% for 10 years
- Open with $5,000 to $1,000,000
- Free withdrawals allowed for:
- 15% of your balance each year
- Your full investment for nursing home confinement or terminal illness
Rates as of May 8, 2026
Projected balance
over 10 years
Compounded at 5.00% guaranteed. No market exposure, no fees deducted from your balance.
| Year | Earnings | Balance |
|---|---|---|
| 1 | $500 | $10,500 |
| 2 | $525 | $11,025 |
| 3 | $551 | $11,576 |
| 4 | $579 | $12,155 |
| 5 | $608 | $12,763 |
| 6 | $638 | $13,401 |
| 7 | $670 | $14,071 |
| 8 | $704 | $14,775 |
| 9 | $739 | $15,513 |
| 10 | $776 | $16,289 |
| Total earnings | $6,289 | $16,289 |
Free-withdrawal allowance: 15% / yr. Withdrawals beyond the allowance trigger the surrender charge below.
- Rank vs. peers
- #52 of 59 (top is 6.25% — Sentinel Security Personal Choice)
If you withdraw early
Surrender charge schedule
Surrender charges apply to withdrawals beyond the free-withdrawal allowance during the contract term. The charge is a percentage of the amount withdrawn, decreasing each year. They exist because the carrier matches your premium against long-duration assets — early redemption forces them to unwind those positions.
| Contract year | Charge |
|---|---|
| Year 1 | 9.0% |
| Year 2 | 8.0% |
| Year 3 | 7.0% |
| Year 4 | 6.0% |
| Year 5 | 5.0% |
| Year 6 | 4.0% |
| Year 7 | 3.0% |
| Year 8 | 2.0% |
| Year 9 | 1.0% |
Contract terms
What else to know
Term
10 years guaranteed at 5.00% APY
Investment range
$5,000 – $1,000,000
Funding sources accepted
Roth Conversion (Partial), Roth Conversion (Full), Traditional IRA, Non-Qualified, Inherited IRA, IRA Rollover, IRA Transfer, NQ Stretch, IRA-Roth
Owner age
0 to 85 years old
Death benefit
Full accumulated value passes to your beneficiary, no surrender charge.
Riders & waivers
- Terminal Illness Waiver
- Nursing Home Waiver
Maturity
30-day window at the end of the term to withdraw, reinvest, or convert to guaranteed income via annuitization.
Tax treatment
Interest accumulates tax-deferred. Personal post-tax funds: only the interest is taxable on withdrawal. Withdrawals before age 59½ may be subject to a 10% IRS penalty.
Source: ELCO Mutual contract brochure (download PDF). Anything you act on should be confirmed against the carrier's most recent filing.
Before you decide
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